I ended up buying 17 buy n hold houses since Covid and glad I didn’t listen to the experts claiming the sky is falling and RE prices will crash.

If you can claim real estate professional status, you can offset the losses from the real estate against the income from the retirement distribution.You may still be subject to the 10% penalty.The good thing about a condo is that you pay potentially be eligible to depreciate more of the property compared to other types of residential properties.Best of luck!

Hopefully the claims mentioned above can be addressed or resolved.I think PassivePockets.com is a great idea and hopefully be a good resource for LP's to become smarter investors.

Moving your rental property into an LLC offers limited liability protection, shielding personal assets from legal claims.

As a side note, Floridas current insurance issues are mostly caused by other factors besides the increase in severity and frequency of natural disasters however (roofing scams and no caps on lawyers fees for claims, both results of bad government policy that resulted in most insurance companies leaving the state and the remaining ones raising rates to account for having to pay for all of the roofing scams and absurdly high attorney fees on simple claims). 

Instead he/she claims that his/her invoice is sufficient.

Also it would mean I get a different tenant pool for example travel medical professionals, displaced people due to insurance claims, digital nomads, etc and I really want to expand my knowledge outside of long term tenants and challenge myself to have a diverse portfolio of real estate! 

Hello @Vinay Sanapala,I recommend listening to the excellent comments from: @James Wise, @Drew Sygit, @Jay Hinrichs, and @Mark Cruse.I regularly read people claiming that Section 8 is free money and guaranteed.

I am worried about any issues with the seller and what they may of may not claim.

You would then be able to claim your syndication losses and your material participation would be determined by the group of activities rather than activities individualy.